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November

Abengoa awards a contract of high tension network in Brazil for an amount of 276 million Euros

November 22, 2004

Seville, November 19th 2004.- Abengoa has awarded a contract from the National Power Electric Agency (ANEEL) in Brazil for the construction, management and maintenance for 30 years of anelectric transmission line of 500 Kv for an amount that of 276 million Euros.The electrical line, 940 kilometers length, will interconnect the North with the North-East of the country. The works will begin in the Colinas substation, in Tocantins's State, and will end in Sobradinho Substation, in State of Bahia. In its way it will go trough the substations of Ribeiro Gonçalves, new construction, and San Juan de Piaui, both in Piaui's State.

According to Salvador Martos, Latin America’s Business Group Director, "with this contract Abengoa demonstrates once again its leadership in Latin America. Abengoa is present in this area for many years and we have the firm intention of continuing developing works on such an attractive market for us as the Brazilian one".

With this adjudication there are six grants of this type in which Abengoa takes part in Brazil, added to more than 2.800 kilometers of lines. Of this five lines already contracted, four of them are in operation and the fifth in construction period, being foreseen its service for beginning in 2006.

Abengoa is an industrial and technology company listed on the Stock Exchange, with a capitalisation of more than 522 million euro (31/12/2003). It provides solutions for Sustainable Development, the Information and Knowledge Society and the Creation of Infrastructures. It currently operates in four large fields of activity: Bio-energy, where it is the world's second bio-ethanol producer; Environmental Services, where it is the leader in Europe in some of the industrial waste market segments; Information Technologies, where it is one of the key players at international level, with operations in Europe, Latin America and Asia; and Industrial Engineering and Construction, where it is leader in Spain and Latin America. (www.abengoa.com)



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